The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1887-03-31
FOR 100000.
BIG ORE DEAL CoNsUMMATED.

BIG ORE DEAL CONSUMMATED.
(From the PittsbEsg Commercial Of 2sth fnst.)
A big deal is to be consummated to-day. One
hundred thousand dollars Is the amount of
money to be placed In the transaction by Pitts
burg capitalists By 1t theyw;il gain u large
Interest In what Is known as the Van Buren,
furnace property, situated nine miles from
Woodstock, Va, and the second ferro- manga
e se furnace in the country will be started On
the property is 1000 acres of manganese ore
land, q large tract of iron ore and furnace
which has an output of seventy tons. paE week
of cold blast iron.
The deal has been largely engineered by Mr.
George w. Bryan, Superin teadent of the steel
mill Of oliver Bros. Phillips. Mr.. Bryan is q
Virginian himself end new the property be-
fore the war. He has been looking it up lately
and was able to interest the present owner, DIR.
Frank King in a plan by WHOA the property
couple of visits to Dr., King and succeeded in
bringing him to the city. Dr.. King has made
his headquarters at the Monongahela House for
the past few days, land in that time has met tn
leading manufactures of the city.
Attest of the ore an his property shows the
presence of about 7G per cent. of manganese
The iron ore is about 40 per cent. pure. Dr..
King Is o Massachusetts man and purchased
!! Inc tract tWenty-one years ago. He bought
u Ohio railroad was to be built along the south
err. portion of the tract. The line was never
o railroad. But he Is not discouraged and
big railroad scheme Is back Of the scheme to be
completed to-day.
In conversation with representative of this
paper last night at the Monongahela House. Or.
King sa1d:-"The contract Is ready for the Sig
natures. l have spent over 100000 in improv-
ing the property. and am sure the gentlemen
of this city who are going to taxa an interest in
the tract will not regret it, have never paid
much attention to the manganese ore, and for
the present should have let it lest had it not
been tor Mr.. Bryan. We can mine the very
cheaplS, and the intention of the company is
to turn our present furnace into q ferro- manga
nese plant. When we have the hot-baSt stoves
put i'll we will be the second ferro manganese
factory In the country. Putting in the GOt-
blast will increase our output as much again.
IA recon noissance of a proposed new road
has been made ito run through this tract. 1t
is to start from strasburg and, passing Brooks
Gap, cross the Southern tier of counties in
West Virginia and tap Gallipolis, D. 1t will
there connect with the Washington Il Ohio,
which will be extended some of these days to
Kansas CITY. 1t is more than likely that the
richmond Terminal people may help us out.
L shall leave here Tomorrow for Washington,
and will there meet some gentlemen who are
interested Ia the new scheme. Our nearest
and by the b. & O.. We will be making ferro-
manganese, through, before the road is built.
The necessary changes will be made at once
and by the lst OF September we will be In ope-
ration
The Doctor then digressed from ore interests
to politics. Virginia is now Republican
Sta te,' he said I'VE carried the State in
Congressional distriots In the last election by
ley Protective League has been organized in IS
counties. We are getting protective docu-
ments into the hands of those Virgnians
WIN ether they will or not. In lsss we can carry
The boom In Virginia is solid one, both polit-
ically and materially